Golden Agri

RHB analysts say that Golden Agri’s FY2023 earnings disappointed, dragged down by one-off tax expenses in 4QFY023.

A final dividend of 0.613 cents per share has been proposed for FY2023.

Although earnings will reduce y-o-y in FY2023, RHB analysts believes valuations have already reflected this.

The company differentiates itself by moving up the value chain with a broad portfolio of higher value-added products.

A trading strategy is best for the sector in light of the volatility in CPO prices, says RHB Group Research analyst Hoe Lee Leng.

RHB analyst Hoe Lee Leng has a “buy” call for Wilmar and “neutral” calls for First Resources, Bumitama Agri and Golden Agri.

SINGAPORE (Sept 13): OCBC is maintaining its “hold” call on Golden Agri with an unchanged fair value of 36 cents given the research house expects few catalysts in the near term.

SINGAPORE (May 22): Here are some stocks to watch this Monday morning:

SINGAPORE (Jan 9): RHB is maintaining its “buy” call on Golden Agri at a target price of 46 cents while declaring the stock as its top pick within the plantation sector.

SINGAPORE (Jan 4): RHB is maintaining its “neutral” stance on the plantation sector with its top pick as Golden Agri for its diversified land bank, crude palm oil (CPO) price sensitivity and stock liquidity.